The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-09-27
creamery, I6024c. Cheese steady and quiet;
Western, 930llc.

CHICAGO, Sept 26.-rhe grain markets dur
ing the early part of the session showed more in
dependence of each other than for SONS time.
Operators appear TO be getting over their indif-
ference, and individually at work on the
problem of future prices. Gables were firm. re-
ceipts moderate, news regarding crops insicniti-
cant and the pits were somewhat active. Wheat
opened somewhat unsteady with an upward
tendency. credited to coverings by shorts con-
timed active throughout the session and az
times was considerably excited. II was an old
fashioned ''bul" day. Prices were advanced &c
above the closing figures of Saturday, the i'm
provement being gradual, at 901-l6c at times.
1t was intmated early in the day that the visible
supply would show larger decrease than
induced free buying with shorts covering freely.
By the time the visible supply was announced,
prices had advanced &c, and when the announce
ment of So 900 bushels decrease was made.
prices were further advanced Sc, and the closing
was decidedly strong. A fair portion of the
trading was comprised in the buying of October
and selling for November, December and May
at the ruling differences. The receipts at Duluth
and Minneapolis were liberal. but small at all
7O4c, and sold steadily up to 7lsc, at which
figure it closed. May opened at 1899, and after
selling at 782c, declined to 78s a 783c, but later
advanced with the other futures and closed at
79lc. Corn firmer to-day, with trading
quite active, the near futures in particular
showing considerable strength Opening sales
were at a shade advance over the closing prices
of Saturday, after which the market ruled
steady. then became quite active and prices ad-
vanced s02c for near futures and a04c for
May, ruled steady and at 1 p. NJ was &c
higher for near futures, and &c higher for May
than the closing prices of Saturday. Receipts
we're less than expected, and arrivals for to-
morrow, S25 cars, not large, considering they
are for forty-eight hours. In the afternoon the
market sold off &c all around realizing by
longs and weakness in wheat October opened
at 4Isc sold at 414c. declined to All 04lac,
then advanced, with slight changes, to 42c.
receding to 41sc. the closing prize. May opened
at 442c, and with trifinG fluctuations went to
451c closing at 442c. Oats were degree steadier,
but there was no material change in values except
for May, which ranged 4c higher. The market
did not seem to gain any to speak of from the
improvement in other cereals. for the speculative
demand was rather slack. Neither 1t af-
fected particularly By tho afternoon weakness.
May sold at 29s a 294c, closing at 29sc Provisions
were moderatively active, but unsettled Re-
ceipts of hogs we're liberal. and prices 8 q lOc
lower The feature Of the trade was the shake
out in October short ribs Almost everybody
had a few. waiting for Armour somebody else
to put prices up for them to unload. They
found, instead, that the manipulators had pulled
at once. First transactions were at zoe
decline from Saturdays close. at S.O5c, fol-
lowed by break with hardly a breathing
spoil to 7.65c, but rallied to 1919, or .379c
lower than Saturday, and closed finally at .O2ac
below that figure January opened Csc lower.
at 6 20c The shorts became scared and bought
freely, and prices advanced 10, to Doc, and
closed steady at the old price, 625 96274c.
Lard was fairly active, and sold lower early,
but rallied, and closed steady. Stocks have
to cell after the first weakness. October sold at
GAO al 45c, and closed at g. 42A a 6 45c. Moss
pork came in for more attention, and advanced
15c from the opening price, $l2 22a, for January,
but rested. finally, at the closing price of last
week, S12. 80. The leading futures ruled as fol-